Modern Times Group MTG AB (publ) ("MTG"), is today providing an update on its work to prepare its Indian subsidiary PlaySimple Games Private Limited ("PlaySimple") for a public listing. PlaySimple has today, on Thursday, April 23, 2026, filed its Draft Red Herring Prospectus ("DHRP") containing the information related to the proposed initial public offering of equity shares of PlaySimple ("Offer") with the Securities and Exchange Board of India.
MTG is acting as promoter of PlaySimple and as a selling shareholder in the context of the Offer. The Offer is a secondary offering, and the proceeds will be received by MTG.
The size of the offer, as set out in the DRHP, is currently expected to be up to INR 31.5 billion, equivalent to approximately USD 350 million. The final size of the offer, accounting for any increase or decrease in the offer size within permitted limits, will be decided and disclosed closer to the offer opening date. The specific timing of the offer will be decided in due course.
As previously communicated, MTG intends to remain a majority owner of PlaySimple following the completion of the Offer.
PlaySimple's Draft Red Herring prospectus can be downloaded on this link.